Your Name Member Name Member Name Member Name Requirement #6-what is the Margin of Safety, if expected sales is S2,000,000? NIKE has been selling the new sneakers for six (6) months. The Shoe Dept. Manager wants to know what the total cost would be for 60,000 sneakers using the following information: Margin of Safety Requirement #7-What is the Margin of Safety Ratio? Margin of Safety Ratio NIKE is deciding whether to produce a new sneaker designed for long Month distance runners. In order to make a final decision, NIKE needs you toJanuary Units Cost 5,000 S1,650,0c0 8,000 S1,500,000 72,000 S2,760,000 65,000 S2,550.000 83,000 $3,090,000 79.000S3.200,000 create a CVP income statement using the following information: Fe March April (Show as a percentage, round to 0 decimals) Sales Revenuc 3 Cost of Goods Sold 4 Gross Protit S34,350,000 May 19.038,000 15,312,000 10,563,000 $4,749,000 June Selling and Admin Expenses 6 Net Operating Incone Requirement #4-Use the High-Low Method tu Calculate the following: COGS Fixed Cost Percentagc S& AFixcd Cost Percentage 55% 60% variable-Unit S30.00 Round to 2 decimals) Fixed Cost $600,000 Requirement #1-Complete the CVP Income Statement. Total Mixed Cost for 60,000 sneukers $2,400,000 Sales Revenue S34,350,000.00 4Variable Cos Contribution Margin Fixed Cost Net Operating Income S21,577,700.00 w. $4,749,000.00 Requirement #5-The selling price is $75 per pair of sneakers. Using the information from Req. #4 above and the $75 sales price: First, calculate how many units & sales dollars are required to break-even. Then calculate how much revenue (in sales dollars) is needed to earn a profit of $1,500,000. - Requirement #2-Calculate the Contribution Margin Ratio. (Show as a percentage, round to 0 decimals) Contribution Margin Ratio Break-even units- Use the Breakeven units calculated above to determine BE sales revenue Required dollars to breuk-even- Use the CM Ratio approach to determine: Sales dollars required to carn S1,500,000 profit- 63% Requirement #3-Calculate the Degree of Operation Leverage. 4Round to 2 decimals) Degree of Operating Leverage $4.54